Morning journal and courier., 1887-11-24

The new law taxing railroads is just going
into effect. 1t is said that it will add 100000 and
perhaps $4,000 more to the States receipts
from this source. The law provides for a public
hearing as to the valuations Of railroad stocks by
the board of equalization (the State treasurer and
comptroller) and the meeting was held Tuesday at
the Capitol in Hartford. Ex-President Watrous
and Treasurer Squire appeared for the Consolidated
road and its system, Secretary E. H Perkins Of the
New York and New England for that company and
the Norwich and Worcester, Superintendent Nc
Neil, ex-President Gilbert and Director Jeffrey O.
Phelps for the Hartford and Connecticut Western
and other persons also there. The gist of the
law is that regular dividend-paying stocks must
have their market valuer ascertained by actual
quotations instead of merely by official afidavits
and that in non-dividend-pay roads the actual
quotations shall fix valuation, which the board of
equalization may alter for cause, public hearing
being required. And the new law also puts an end
to the old custom of deducting from taxables the
cash hand
THE CHARTER OAK LIFE.
dispatch from Hartford states that Judge Par
dee of the Supreme court has granted an extension
Oak Life Insurance company of that city the limit
fixed being Dec. J. The mortgage on the Charter
closed by the Etna Life. The right of redemption,
however, rests in the Charter Oak company until
amount to S28,O0O The receivers have not aban-
doned the hope Of selling the building for More Nor T6aR
property is at present in the control of the receiver
appointed by the courts in that State. The receiv-
property should be distributed from the home office
to the claimants, all sharing pro rata in the
amount The New York policy holders maintain
that the property owned by the company in that
State should be distributed among them without
reference the policy holders in other States Inc
question is now before the courts. The SUBJECT or
ing in re- ard to it viii be done until after May 1,
when it will be known what disposition is to be
made of the Charter Oak Life building at Hart
ford.
HE MIsLED THE COMMISSIONERS.
The county commissioners yesterday refused
license John Collins of Cheshire. The refusal
was on the ground that Collins had mised the com
missioners in framing former application for
beer license. Attorneys Gallagher and Cleaveland
represented the renonStrantS.
A SLIGHT FINE.
Max Danz.ger was tried in the City court yester-
day for violating the Sunday secular law. slight
fine of 81 and 1924 costs was inflicted as the char
acter OF mis- place previously has been good.
HEAVY FINES FOR SELLING BOGUS BUTTER.
Judge Thompson yesterday tried the cases
against Horace E. Clark and Robert 3. Ballou
charged with violating the law relating to imitation
butter. Dairy Commissioner James B. Tatem test-
Baou testified that he had no intention OF violating
the law and that he supposed he was living up to ali
its provisions. Attorney Wright, who appeared for
lated and that Mr.. Ballou had taken extra precau-
lions by labelling all packages sold. Judge Thomp-
son fined the accused 500 and costs. Mr. Wright,
the same oeffAse, filed demurrer which was
promptly overruled and the taken to the Grim
inal side of the Court of Common Pleas, Judge
Thompson imposing fine of 500.
RECOVER FEES.
The case of Rufus Pickett and others VS.. Sarah
Baldwin was on trial yesterday the Court of Com
mon Pleas before Judge DemDg and jury. 1t is a
suit to recover counsel fees.